#WhatToDoIfYouGetUnsolicitedMoneyInYourAccount
##UnderstandingCreditMemoDeposits
If you have found yourself in a situation where you have received an unexpected $30,000 deposit labeled as a “Credit Memo” in your account, you may be feeling confused and unsure about how to proceed. A credit memo is a document issued by a seller to a buyer in a transaction, typically to indicate that a certain amount has been credited to the buyer’s account. In your case, it seems like this credit memo has been mistakenly deposited into your account.
##EffortsToResolveTheIssue
You mentioned that you have tried to contact your bank three times with no resolution. It can be frustrating when you’re unable to get a clear answer or guidance on how to handle this unexpected deposit. While it’s essential to keep trying to reach out to your bank for assistance, it’s also a good idea to document your efforts, including the dates and times of your calls, to have a record of your attempts to resolve the issue.
##ConcernsAboutAutomaticPayments
One of your concerns is the possibility of automatic payments deducting from the money that was deposited via the credit memo. To mitigate this risk, you have moved the funds to your savings account. While this may seem like a proactive step, it’s important to consider the implications of this decision.
##SeekingMorallyAndLegallySoundAdvice
It’s admirable that you want to navigate this situation as safely and morally as possible. Moving the funds to your savings account may provide temporary relief from potential automatic deductions. However, it’s crucial to follow up with your bank to rectify the issue and ensure that the funds are appropriately handled.
##NextStepsToResolveTheIssue
Given the complexity of the situation, it would be advisable to visit your local bank branch in person to address this matter directly. Speaking with a bank representative face-to-face can help expedite the resolution process and ensure that all parties are on the same page regarding the credit memo deposit.
In conclusion, receiving an unsolicited $30,000 deposit via a credit memo can be a challenging situation to navigate. It’s essential to stay proactive, document your efforts to resolve the issue, and seek assistance from your bank to rectify the deposit. By taking these steps, you can ensure that the funds are handled appropriately and minimize any potential complications that may arise from this unexpected deposit.
When you say you are unable to receive assistance, what do you mean?
i would just leave it in your checking it will get tracked back eventually and pulled. Call into your bank and ask to speak to a supervisor or go down and talk to a manager at the branch itself.
I worked in check fraud at a large bank and sometimes we would place and remove holds manually which would lead to line items like this.
It was done basically in a DOS based system with no real controls or safeguards. It was *very* easy to enter the wrong account number or put something in the wrong field.
We had a saying “account numbers are in the billions” to remind us of the time somebody put an account number in the amount field.
I hope it’s improved since then. Not much choice but to keep reporting it and wait until they notice. That or physically go there and don’t leave until they call the back office and it’s fixed.
Do not move this money. Put it back where you found it
Put it in a high yeld savings account until they ask for it
Leave it in savings. Send a letter via certified mail to your bank.
This happened to my business partner but it was $600k. He reported it once, never touched it and just collected interest on it into an hysa until they requested it back. Kept it almost a year.
Open a new checking account only leave the erroneous $30,000 in the old checking account.
File a complaint with the CFPB [https://www.consumerfinance.gov/](https://www.consumerfinance.gov/) about banks lack of action
I’d leave it in your savings. They can get the 30,000 but would not be entitled to any of the interest it made.
Some terrible advice here.
Put the money back and stop worrying. It’ll get corrected in a few weeks or months. Putting it into savings was a bad mistake since it will be automatically deducted from the exact account it was deposited into.